M&A - MakeMyTrip Ltd

Form Type: SCHEDULE 13D/A

Filing Date: 2025-06-24

Corporate Action: Acquisition

Type: Update

Accession Number: 000095017025089221

Filing Summary: This document is Amendment No. 6 to Schedule 13D filed by Trip.com Group Limited regarding its ownership stake in MakeMyTrip Limited. It includes details about an Amended and Restated Share Repurchase Agreement dated June 23, 2025, where Trip.com Group Limited agreed to sell 34,372,221 Class B Shares to MakeMyTrip Limited for approximately US$3.0 billion. This repurchase is part of efforts to optimize Trip.com’s investment portfolio and enhance shareholder returns. Following the completion of this repurchase, Trip.com will remain the largest minority shareholder of MakeMyTrip, continuing to support its growth. The amendment does not modify prior information reported on Schedule 13D, which dates back to an initial filing on January 25, 2016. Relevant ownership percentages are provided, based on the total outstanding Ordinary Shares and the Class B Shares that are convertible. Additionally, the document emphasizes the financial strategy behind the repurchase and details related to funding mechanisms, including an offering of convertible senior notes and an underwritten public offering of Ordinary Shares.